sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 5 things you should not forget while filing income tax return
 10 Easy Steps to File ITR 1 Online
 How to e-verify income tax return?
 What to do when you receive a notice from the tax department
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19

PwC Alert - Reporting obligations
September, 19th 2009

An additional reporting obligation will be introduced by the VAT package for businesses that make intra-EU supplies or purchases of services and will create a significant additional compliance burden. The EC lists will be obligatory not only for sales and purchases of goods but also for services supplied to or purchased from entities registered for VAT purposes in other EU Member States.

The EC lists will have to be submitted in accordance with the taxpayer's tax return filing period and the cumulative value of certain transactions. This means that if a taxpayer files monthly VAT returns, or the cumulative value of its EC sales of goods exceeds EUR 100,000 per quarter, EC lists will have to be filed monthly, by the 20th of the following month. If the taxpayer files quarterly returns and the cumulative value of its EC sales of goods does not exceed EUR 100,000 per quarter, EC lists will have to be filed quarterly by the 20th of the month following the quarter in question.

Please note that, from 1 January 2010, the EC lists will have to be submitted to the Tax Authority electronically, which will place an additional administrative burden on companies that previously were not required to file tax returns electronically.

In view of these forthcoming changes, PwC suggests clients to take measures in order to ensure compliance with the new reporting rules, which will come into effect on 1 January 2010.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions